(12/04) Copper Declines in London on Japan’s Nuclear Crisis: LME Preview

April 12, 2011

Copper fell for a second day in London on speculation of slowing demand after Japan raised the severity rating of its nuclear crisis to the highest, matching the 1986 Chernobyl disaster.
Japan’s Economic and Fiscal Policy Minister Kaoru Yosano said the March 11 earthquake may result in a larger hit to the economy than previously seen, indicating a greater appetite for stimulus one month after the disaster.